FKLI
FKLI Spot Month Futures - 23 Apr 2026
Thu, 23-Apr-2026 10:34 am
by Dealing Team • Apex Futures

FKLI
Pivot
1706
Resistance
1712 / 1717 / 1720 / 1726
Support
1710 / 1705 / 1700 / 1696
Possible Range
1705 to 1726
Strategy
Long positions may be opened above 1712 with targets at 1720/1726 and stop-loss at 1708
Short positions may be opened below 1710 with targets at 1705/1700 and stop-loss at 1715

FKLI April month closed slightly lower around 1711.5, moving in a sideways condition after recent rebound on previous session. The FBMKLCI showed mild movement as investor sentiment remains cautious.

The Dow Jones index increased around 300 points to close near 49,400 level on previous session. U.S. stocks moved higher after news that U.S. extended ceasefire with Iran, helping to reduce market fear and improve sentiment.

The active FKLI contract is trading near the SMA-50 (around 1706), showing support at this level. Price is moving sideways after failing to hold above 1720, indicating weak momentum. On the daily chart, price remains above the SMA-200, suggesting a bullish longer-term trend, but short-term movement is still consolidating. On the 30-minute chart, price is ranging between 1706–1716. A break above 1716 may push toward 1724–1732, while a break below 1706 may lead to 1700–1695.

Intraday resistance is seen around 1712–1720 area, while support has been identified in the 1710–1700 area. Overall, traders are advised to remain cautious and wait for clearer direction before entering new positions. The immediate key support and resistance levels are identified at 1710 and 1715, respectively.

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